Market Pressures_

Copper reversed to down quickly and Gold looks to continue lower. Silver is at a downside target and is consolidating.

Crude oil is at a profit target and appears ready to retrace some of this recent move. Natural gas is holding above the 3.00 target.

The 30 year US Treasury Bond futures have been in a summer long decline and are at a profit target.

The US Dollar futures are showing strength above the 96 breakout.

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S&P 500 futures_

Monthly – Continues in the uptrend. Trade pressures are up. Volume closed the September month as bullish.

Weekly – In a move up from the long confirmation at 2057. Trade pressures have declined into the neutral zone. Volume is bearish for the second week. A close below 2112 would confirm a move down on the daily.

Daily – Flat. two weeks of trading around the 2153 short entry has finally given way to a second move down closing under the 80 day moving average. Trade pressures are down. Volumes are mixed bullish to bearish.

The next target down is the Sept low at 2102, then 2088.

Need a close above 2143 to signal a new move higher.